Thursday, September 8, 2011

Nets Owner Prokhorov Has His Bank Raided

New Jersey Nets Owner Mikhail Prokhorov has major money. So much he can sign Travis Outlaw to one of the most ridiculous contracts in the offseason and not miss it. Contracts like those are why the NBA is in a lockout right now.

Even with all that money bad things can happen. Like when your bank is raided. Prokhorov co-owns the International Finance Club bank, known by its Russian acronym MFK, with a 27.7 percent share.

Information from Reuters.com.

The head of the International Finance Club bank, known by its Russian acronym MFK, said the evening raid on the bank's office in central Moscow had nothing to do with Prokhorov's Right Cause party or even with the bank's operations.



"Investigative actions were conducted in relation to one of our borrowers. This has nothing to with Right Cause or Onexim," the bank's chief, Oksana Lifar, told Reuters by telephone. Onexim is Prokhorov's investment vehicle.

A lawyer for the bank, Dmitry Kharitonov, said he could not rule out a link to the party, which Prokhorov took charge of in June, making a controversial political debut ahead of the parliamentary vote and a March 2012 presidential election.



Several luxury cars drew up outside the bank on a busy boulevard near the Kremlin and law enforcement officers, some wearing masks and carrying guns, entered and ordered employees and clients not to leave, Kharitonov said.


"They put all the employees in one area and kept them there for an hour without explaining what was going on," he told reporters. "After an hour, they said there were no claims against the bank, and no searches were carried out."


Asked whether the raid could have been related to Prokhorov's involvement in Right Cause, Kharitonov said, "I cannot rule it out. I don't know, but I think nothing can be ruled out."


So this could all be a political power play. Who really knows the truth.I'm kind of speechless about it. This was straight out of Hollywood all we were missing was Bruce Willis to come and save everyone.

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